AnswersSNHS NV-Civics and EconomicsUnit Test

Unit Test — Unit test Answers

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1
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Countries establish internal economic zones in order to

A
limit foreign investment.
B
make solving disputes easier.
C
have fewer economic restrictions.
D
create manageable amounts of imports.
2
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What kind of advantage does a country have if it can make a product more efficiently?

A
an import advantage.
B
an export advantage.
C
a comparative advantage.
D
an absolute advantage.
3

Which type of trade barrier is explicitly used for political purposes?

A
standards
B
embargoes
C
quotas
D
tariffs
4

When revising an informative essay, it is important to consider

A
the topic and language.
B
the topic and narrative.
C
the argument and language.
D
the outline and language.
5

Read the conclusion to an informative essay about globalization in China.Globalization has led to economic growth in China, and these changes have in turn led to rising populations and growing industrialization. Data demonstrates that air-pollution levels have grown in many major cities because of these changes. While this growth has led to many improvements in China’s economy, the problem of air pollution must be solved in the future.Which statement best explains why this conclusion is effective?

A
It restates evidence briefly and provides a final opinion.
B
It restates evidence briefly and establishes a new thesis.
C
It cites sources properly and provides a final opinion.
D
It cites sources properly and provides clear examples.
6

Read the excerpt from an informative essay about globalization in China.Despite regulations and limits, these new industries have contributed to high smog levels. The amount of smog in Beijing is twenty times higher than worldwide safety levels.While manufacturing has led to increased pollution levels, population growth has had an even stronger effect. By 2012, the population of Beijing rose to 20 million citizens.Which phrase from the excerpt indicates a transition?

A
The amount of smog in Beijing . . .
B
While manufacturing has led to . . .
C
. . . population growth has had . . .
D
. . . the population of Beijing rose . . .
7

What steps must countries take to transition to a mixed-market economy? Check all that apply.

A
They must establish state-owned businesses.
B
They must decrease private ownership.
C
They must establish a fair labor market.
D
They must discourage foreign investment.
E
They must open up trade to other countries.
8

It’s important for countries to exchange currencies so that goods from other nations can be

A
manufactured.
B
destroyed.
C
traded.
D
regulated.
9

Which situation is the best example of opportunity cost?

A
A country chooses to produce bananas instead of wheat.
B
A country chooses to invest in manufacturing and agriculture.
C
A country chooses to specialize in producing paper products.
D
A country chooses to export all of its products.
10

What can be a result of free trade? Check all that apply.

A
trade imbalances
B
decreased production
C
lower economic growth
D
increased pollution
E
exploitation of workers
F
new opportunities
11

What is the purpose of quotas?

A
to ban all imports from a country
B
to ensure specific goods are not available to consumers
C
to limit how much of a good can be imported
D
to keep prices on domestic goods low
12

If investors can earn 10 percent interest in an account in Mexico but just 3 percent in the United States, those investors will most likely

A
continue to invest in the United States and have no effect on the exchange rate.
B
want to invest in Mexico and cause the exchange rate to rise.
C
try to do anything possible to keep the exchange rate from changing.
D
want to invest in Mexico, which will cause the peso to appreciate.
13

According to this quotation, what did President Ronald Reagan believe about economic growth?"We should be trying to foster the growth of two-way trade, not trying to put up roadblocks, to open foreign markets, not close our own.”

A
Increased trade barriers would help the economy.
B
Free trade associations would limit competition.
C
Increased fair trade would help the economy.
D
Trade barriers would help make trade more fair.
14

The images show the cost of the same bike in the United States and Britain.

Question illustration
A
purchasing power parity.
B
exchange rates.
C
factors of production.
D
gross domestic product.
15

Which trade organization is responsible for 90% of the world’s trade?

A
the EU
B
ASEAN
C
the WTO
D
NAFTA
17

Which statement best describes how globalization is affecting the world?

A
Globalization is growing less important as time passes.
B
The world is becoming more globalized and connected.
C
Globalization has resulted in fewer connections among countries.
D
Countries are growing less likely to trade with one another.
18

It takes brothers John and Dan the same amount of time to clean the room they share, but John can mow the lawn faster than Dan. Which action would allow them to take advantage of their respective comparative advantages?

A
them both sharing each task equally
B
John mowing the lawn and Dan cleaning their room
C
Dan mowing the lawn and John cleaning their room
D
Dan doing both tasks
19

Technologies that allow for instant worldwide communication include

A
high-speed trains and naval ships.
B
mobile phones and Internet access.
C
airplanes and container shipping.
D
outsourcing and new trade markets.
20

Why do most countries both export and import goods?

A
to eliminate competition from other economies
B
to decrease the production of goods domestically
C
to rely entirely on foreign economies
D
to get a good mix of goods and services
21

Global trade provides consumers with

A
more options and lower prices.
B
fewer options and lower prices.
C
more options and higher prices.
D
fewer options and higher prices.

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